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Gold/Mining/Energy : Thermal Control Technologies Corp TCT (was Redux Energy) -- Ignore unavailable to you. Want to Upgrade?

To: mike wood who wrote (246)	1/19/1998 11:36:00 AM
From: Saverio	Respond to of 1208

In my opinion, it did not hold at the $2.00 level because people expect it to come under selling pressure when the convertible debentures become convertible on January 31. Some people may have bought the debentures with borrowed money for a quick flip, which implies selling pressure into February. As long as TCT continue their current sales growth rate, I view the price dip as an opportunity to increase my position. I am not sure when the financials will be out. Incidentally, the "Buy Low Sell High!" investment newsletter gave TCT a **** rating (they very seldom give a 4* rating) which means "severely undervalued", and that was at year end when the price was $2.10! Saverio